United Kingdom
Time for the euro to grow up
At a lecture organised by the Centre for Economic and Policy Research in London today Richard Portes of the London Business School said that it was time for the euro to grow up, for euro authorities to assume more responsibility in the international…
Brussels more confident of successful euro switch
EUROPE - With euro notes and coins less than 50 days away, the European Commission yesterday expressed optimism about a successful changeover from national currencies. The latest monthly Eurobarometer survey registered growing understanding of the single…
Bank of England Inflation Report November 2001
REPORT - The Bank of England has published its inflation report for November 2001.
Britons still hold £540m in eurozone currencies
UK - Britons are hoarding more than £540m-worth of eurozone currencies, but only half the population realises the cash will be impossible to spend after February.
Russia c bank tightens banks' gold export controls
UK - The Central Bank of Russia published a directive Thursday obliging commercial banks to submit information on their export of gold ingots to the State Customs Committee within 10 days of the metal leaving the country.
Brown's proposals for reform of the IMF
UK - UK finance minister Gordon Brown says the IMF should be reformed and given more scope to pass judgement on member countries' economies.
King: Little chance of UK recession
UK- Presenting the Bank's latest inflation report, Mervyn King, the bank's deputy governor, put the chances of recession at only one in 10.
Further fall takes UK headline inflation rate 1.6%
UK - The headline rate of inflation fell further last month, as mortgage lenders passed on the Bank of England's September interest rate cut to customers.
EU candidates should avoid forex fluctuations
UK - Countries seeking to join the European Union will be well-adviced to avoid excessive exchange rate fluctuations against the euro, European Central Bank Vice President Christian Noyer said Monday.
Security hole in cash machines
UK - A serious weakness has been discovered in the methods used by banks to protect the personal identification number (Pin) that lets you get money from a cash machine.
News release from the Bank of England
NEWS RELEASE - Bank Of England Reduces Interest Rates by 0.50% to 4.0%, 8 November.
Bank of England cuts rates by 0.5%
UK - The Bank of England on Thursday cut Britain's interest rates half a point, taking its key repo rate to a 37-year low of 4.0 percent, in a bid to insulate the country from the threat of global recession.
Speech by John Townend, Director for Europe
SPEECH - Speech by John Townend, Director for Europe at a British Bankers' Association Conference, London on 5 November.
Early euro vote for UK in doubt
UK - Chancellor of the Exchequer, in the UK, Gordon Brown poured cold water yesterday on expectations the British government was leaning toward holding a referendum on joining the European single currency during the current parliament.
Speech by UK Chancellor Gordon Brown
SPEECH - Speech by UK Chancellor of the Exchequer to the CBI annual conference dinner in Birmingham, England, 4 November.
The future of online banking
ARTICLE - A letter published in the Financial Times London edition, 31 October, comments on a previous feature the paper reported on the outlook for online banking.
Charles Goodhart appointed to Bank of England post
NEWS RELEASE - Appointment at The Bank of England.
ECB voting reform urgently needed economists claim
UK - The way in which the European Central Bank sets interest rates needs to be reformed urgently in order to prepare for enlargement of the European Union, a group of leading economists said.
All taken in Goodhart
UK - Charles Goodhart, the London School of Economics professor of banking and finance, is to return to the Bank of England at the beginning of next year.
Economists say King should prepare for BoE top job
ARTICLE - Wanted from Spring 2003: a safe pair of hands to steer British monetary policy through economic storms and likely turbulence over European monetary union.
NIESR Quarterly Economic Review
RESEARCH - The National Institute of Economic and Social Research (NIESR), based in the UK, has published its Quarterly Economic Review, October 2001.
NIESR report - UK to avoid slide into recession
UK - The UK will weather a sharp global slowdown and there is no reason to cut interest rates further, according to a leading think-tank.
UK economy defies world slowdown in Q3
UK - Britain's economy grew at a much faster rate than expected in the third quarter of 2001, defying the global slowdown that has been exacerbated by last month's attacks on the United States, data showed on Friday.
Speech by Kate Barker of the Bank of England
SPEECH - Speech by Kate Barker, Member of the Monetary Policy Committee of the Bank of England delivered at the Royal Bank of Scotland/ Scottish Economic Society Annual Lecture, Edinburgh on 23 October.